390 Nw 53rd St, Boca Raton - $599,000

Usage

Single Family

Address:

390 Nw 53rd St
Boca Raton
FL 33487

Property Size:3,375 sq ft
Acreage:0.33
Year Built:1987
Property Class:B4
Latitude:26.396
Longitude:-80.087

For Sale - 390 Nw 53rd St, $599,000

NO HOA! GREAT SCHOOL DISTRICT! THIS STUNNING CUSTOM TURNKEY 4 BED/2.5 BATH POOL HOME IN EAST BOCA IS MINUTES FROM THE BEACH.

NO HOA! GREAT SCHOOL DISTRICT! THIS STUNNING CUSTOM TURNKEY 4 BED/2.5 BATH POOL HOME IN EAST BOCA IS JUST MINUTES FROM THE BEACH. THE 9 FT CEILINGS IN THE HALLWAYS/BEDROOMS AND VAULTED CEILINGS IN MAIN LIVING SPACES COUPLED WITH THE WALLS OF GLASS OVERLOOKING THE PATIO AND POOL/SPA AREA MAKE THIS HOME FEEL BRIGHT, AIRY, AND IS IDEAL FOR ENTERTAINING. THIS HOME IS EQUIPPED W/MANY UPGRADES FROM THE GOURMET KITCHEN TO THE WHOLE HOUSE GENERATOR AND HURRICANE SHUTTERS/GARAGE DOOR, THIS HOME HAS IT ALL!

Bedrooms4
Full Bathrooms2
Half Bathrooms1
High School
Middle School
Elementary School
MLS NumberA2004119
Virtual Tourhttp://www.obeo.com/u.aspx?ID=933284
Verified09/14/2014 01:40am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 2550038

Please quote reference number: 2550038 when you call or email


Listing provided by Coldwell Banker Residential Real Estate. Copyright 2014 Multiple Listing Service of South East Florida and Miami Association of Realtors. All rights reserved.

Estimated Value: 390 Nw 53rd St

Market Data

In 2013 class A single family properties in Boca Raton sold for $153.49 to 902.43 per sq ft with a median price per sq ft of $185.51. Class B properties sold for $98.17 to 153.48 per sq ft with a median of $124.45 and class C properties sold for $10.15 to 98.16 per sq ft with a median of $87.26.

Market Valuation

390 Nw 53rd St appears to be a B Class property. Suggested value: $501,405

HighMedianLow
Value618,365 501,405 395,523

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $37,700. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 390 Nw 53rd St:

  • The Household Income estimate assumes the tenant has a total household income of $84,316 and spends 35% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $2,459
Household Income - Renters $1,493
Market Rents $1,341
Price/Ft $2,225

Expense Estimates:

  • Census data records show 6% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 390 Nw 53rd St. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Amount
Monthly Rent1,341
Annual Rent per Sq Ft5.00
Gross Annual Rent16,098
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount1,771
Maintenance1,755
HOA, Utilities and CAM0
Property Taxes5,445
Insurance2,878
Management Fees1,610
NOI2,639
Cap Rate7
Estimated Value37,700
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Palm Beach County, Florida

Palm Beach County is in South East Florida. The main cities in Palm Beach County are West Palm Beach (population 99,919), Boca Raton (population 84,392) and Boynton Beach (population 68,217)

[Property Appraiser]
Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $98,823. The bottom 10% of the population earn less than $28,001 per year. The top 10% earn more than $354,651 per year. The top 1% earn more than $800,063 per year. Most renters earn between $41,280 (20th percentile) and $74,016 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,415. Most renters earn between $3,440 and $6,168 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $1,041 (20th percentile) to $2,008 (80th percentile) range. The residential vacancy rate is 6%.

Links

  1. 390 Nw 53rd St, Boca Raton, FL on Zillow
  2. Recent Sales near 390 Nw 53rd St, Boca Raton, FL on Realtor.com
  3. 390 Nw 53rd St, Boca Raton, FL on Google Maps
  4. Boca Raton, FL Property Values on Trulia
  5. Demographic Data for Zipcode 33487 from City-Data.com
  6. Boca Raton Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 33487 Zipcode

Owner Details

Companies near this Address

  1. Platinum Real Estate Group, LLC (5151 W Club Cir)
  2. Emerick Property Care LLC (299 Nw 52nd Ter)
  3. Cairns Consulting LLC (5310 Sw 141st Ter)
  4. Home Health Care By Tony, Inc. (509 Nw 53rd St)
  5. Visa Executive Inc. (499 Nw 53rdstreet)
  6. Infinite Maintenance & Janitorial Services, Inc. (516 Nw 53rd St)
  7. Ryan'S Enviroclean, Inc. (469 Nw 53rd St)
  8. Shark Holding Group, LLC (450 Nw 53 St)
  9. Biopetroleum, Inc (450 Nw 53rd St)
  10. G-Town Family Investments LLC (330 Nw 53rd St)
  11. Monfleur Inc. (301 Nw 53rd St)
  12. Sse Concepts Inc (301 Nw 53rd St)
  13. Daly Floors And More, LLC (5201 West Club Circle #106)
  14. Pesavi Products & Services, Inc. (299 Nw 52nd Ter)
  15. Peter Santolalla Inc (299 Nw 52nd Ter)
  16. Cape Property Investment, Inc. (299 Nw 52nd Ter)
  17. Regata Property Investment, Inc. (299 Nw 52nd Ter)
  18. Duk Construction Inc. (299 Nw 52nd Ter)
  19. The Pando Group, LLC (5151 West Club Cir)
  20. Rus Auto Concepts, LLC (299 Nw 52nd Ter)
  21. New Path Services Corp (299 Nw 52 Ter)
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.

MLS Data

Visulate participates in My Flordia Regional, South East Florida MLS and the Brevard County Broker Reciprocity programs, allowing us to display other broker's listings on our site. Listing data supplied by other brokers is deemed reliable but not guaranteed. It is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to buy, lease or rent.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Programs of My Flordia Regional, South East Florida MLS and Brevard County, Florida. Real estate listings held by brokerage firms other than Visulate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.